Mr. Moskowitz admits ONLY Section III.3 WHY???
EVERYTHING else is NOT admitted!!!
WHY uh?
WHY???
SEC Administrative Proceedings: 34-67899 Sep. 20, 2012 Steven Y. Moskowitz:
"... without admitting or denying the findings herein, except as to the Commission’s jurisdiction over him and the subject matter of these proceedings, and the findings contained in Section III.3 below, which are admitted, Respondent consents to the entry of this Order..."
...
III.
...
3. On June 12, 2012, a judgment was entered against Moskowitz, by consent, in the civil action entitled SEC v. Spongetech Delivery Systems, Inc., et al., Civil Action No. 10- 2031, in the United States District Court for the Eastern District of New York. The judgment permanently enjoined Moskowitz from violations of Sections 5 and 17(a) of the Securities Act of 1933 (“Securities Act”), Sections 10(b) and 13(b)(5) of the Exchange Act, and Exchange Act Rules 10b-5, 13b2-1, 13b2-2, and 15d-14, and from aiding and abetting violations of Sections 13(a), 13(b)(2)(A), 13(b)(2)(B), and 15(d) of the Exchange Act and Exchange Act Rules 12b-20, 13a-13, 15d-1, and 15d-13. The judgment also, among other things, barred Moskowitz from serving as an officer or director of a public company, and engaging in any offering of penny stock pursuant to Securities Act Section 20(g) and Exchange Act Section 21(d)(6)..."
EVERYTHING else is NOT admitted!!!
III.1: NOT admitted
III.2: NOT admitted
III.4: NOT admited
WHY uh? WHY?
